Power Solutions International Q2 net sales, profit drop on soft demand in O&G end market, uneven orders
PSIX•Outlook
- Company expects second-half 2026 sales to exceed first-half 2026 sales
- Company anticipates continued softness in oil and gas end market to weigh on revenue
- Capacity ramp-up activities at Wisconsin operations and related costs expected to continue
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 EPS | $0.73 | ||
| Q2 Net Income | $16.90 mln | ||
| Q2 Gross Margin | 27.10% |
Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
- Wall Street's median 12-month price target for Power Solutions International, Inc. is $66.00, about 100.4% above its August 5 closing price of $32.93
- The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 15 three months ago
Q2 results and main drivers
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US engine and power systems maker's Q2 net sales fell 21% yr/yr on lower end-market demand
